Ques 1 - can democracy reduce povertu ? Support your ans with examples
Ques 2 - why is there a great demand of loans and credit ? Explain with reasons
Ques 3 - role of banks in building national economy .
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Answers
yes, a Democratic country can lead towards free Poverty because in a democracy a sequence wise all work will done and no any type of Crmilials effects come under it and money cannot be use in such a work that is not proper so, a Democratic country can reduce the poverty
question.1)
***first democracies do not appear to be very successful in reducing economic inequalities all the majority of water constitute poverty group yet democratic elected government do not appear to be asking to address the question of poverty as you would expect them to .
**situation is most words in some countries where people depend upon which countries for food supplies
***but even then democracy is favoured because it provides the opportunity to change the rulers
question. 2)
***There is a great demand for loans and credit because with the help of this mechanism the debtors are able to fulfill their monetary needs at a given point in time.
***The debtors are able to invest in their farms, factories, houses, education of children, marriages etc. beyond their current economic capacities.
***
Credit also helps the creditors to earn on their excess cash.credit helps the people from all walks of life in setting up the business increase their income and support their family
question.3)
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banks mediate between those who have surplus money and those who are in need of money
***banks provide loan to large number of people at low interest rate.
***banks give interest on the deposited money by the people
***